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Samsung Electronics Q4 operating profit increases 26 % on chip, screen board sales

Samsung claimed its fourth-quarter operating profit rose 26 %, pushed by sales of memory potato chips and display panels.
That was in line with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, hurt by bad currency moves at the mind chip business of its and the price tag of brand new production lines.

The forecast comes despite anticipated stable desire for the mobile products of its and in its information centers business.

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the rear of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of the latest chip production line, weaker memory chip costs, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s running benefit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a year earlier, inside type with the company’s estimate earlier this month.

Revenue at the the planet’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion won.

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